Seeking Alpha

davidshelton

davidshelton
Send Message
View as an RSS Feed
View davidshelton's Comments BY TICKER:
Latest  |  Highest rated
  • The Boy Who Cried Wolf, And Crashes [View article]
    I completely agree there is a big difference between tariffs on goods and national interest rates. My point is that the world's central banks have embarked since 2008 at least on a new perilous route that can lead us to the trade wars that depressed world growth greatly in the past. Interfering and propping up unproductive parts of the economy and other dislocations that are only making the structural problems fester for longer rather than cleanse and renew is a hall mark of current central bank policy including your beloved Fed. Bernanke deserves a lot of praise IMHO for saving the world financial system from collapse but the incessant fiddling thereafter(further QE's) have only served to create further imbalances and excess speculation.
    Look at Japan, for example, which after many years of getting in the way of the free market has now gone to a further extreme of direct competitive devaluation. If this is where other CB's are headed then we have much to fear. Who's next down the fiscally irresponsible path?
    The free market should set the rates and govern trade balances for itself not
    little smart men pulling levers in ivory towers! That's the definition of a free market and what we have now is a lot more akin to (fiscal)fascism so don't kid yourself that there's anything free about the current state of affairs.
    On a side note I agree with Moon, I'm also saddened by the steady erosion of personal liberty in the developed world especially the US. That's why 13 years ago I voted with my feet and left Europe. I now live in Central America and enjoy a much freer life with much less of the intrusions of government than before.
    Aug 19, 2013. 06:38 PM | Likes Like |Link to Comment
  • Dollar Bills On Sale For 15 Cents: Ram Power Corp. [View article]
    How common is it for projects of this kind to stabilize so much lower in MWh? I must say I'm also very disappointed at that 53 number. I was thinking something in the low 60's more likely. After all the money and time sunk into this project.....
    I wonder if there were serious issues with the engineering of the wells or just bad quality work prior to SKM?
    Aug 19, 2013. 06:08 PM | 2 Likes Like |Link to Comment
  • The Boy Who Cried Wolf, And Crashes [View article]
    There are no free markets when Central Banks are interfering. Manipulation in concert or, even worse, competitive manipulation(devaluation) can only lead down the road to full blown trade and currency wars. Actions like these were a factor in the great depression....
    Aug 18, 2013. 11:35 PM | 3 Likes Like |Link to Comment
  • Hindenburg Omen Issues Biggest Cluster In Years - Let's See What Happens Next! [View instapost]
    @Author - Super interesting ominous article but what about recent rebound in commodities as well as pgm's, housing price appreciation, interest rates and general CPI numbers? I'd very much appreciate your comments on these.
    Aug 15, 2013. 09:54 PM | 3 Likes Like |Link to Comment
  • Japanese debt tops ¥1 quadrillion [View news story]
    Whenever that fickle market confidence in Japan collapses as it inevitably must I bet we can count on turmoil all over the world as all those who think "this time is different" get shaken to the core.
    Aug 9, 2013. 01:12 PM | Likes Like |Link to Comment
  • Gold To Rally? 'No' Says India [View article]
    It pays to watch India and China these days as they are the biggest consumers of the yellow stuff......
    Jul 24, 2013. 09:42 AM | 2 Likes Like |Link to Comment
  • A $180 Million Company Worth Less Than $0: Short Xumanii [View article]
    ...you'd be more than doubling your original investment. I nearly always take my initial investment off the table in these situations and let the rest ride if I don't close the whole position. No one ever went broke from making 100% returns!
    Jul 23, 2013. 10:55 AM | Likes Like |Link to Comment
  • Dollar Bills On Sale For 15 Cents: Ram Power Corp. [View article]
    I would rather buy on the TSX.
    Go with Interactive Brokers and trade worldwide.....
    Jul 18, 2013. 11:58 AM | 2 Likes Like |Link to Comment
  • France is downgraded to AA+ by Fitch which joins S&P and Moody's in removing the country's AAA rating. "Risks to the agency's fiscal projections lie mainly to the downside, owing to the uncertain growth outlook and the ongoing eurozone crisis." There's a bit of activity, but equities and the euro (FXE) are mostly snoozing through the news. French equity ETF (EWQ -1.1%) remains about where it opened the session. [View news story]
    "Apres moi le deluge....."
    Jul 12, 2013. 01:47 PM | Likes Like |Link to Comment
  • Dollar Bills On Sale For 15 Cents: Ram Power Corp. [View article]
    I only had a small risk - free position that has slowly dwindled to nothing and haven't followed the stock closely since they spun off reservoir minerals. I understand they've had similar problems with debt....
    Jul 11, 2013. 05:53 PM | Likes Like |Link to Comment
  • Dollar Bills On Sale For 15 Cents: Ram Power Corp. [View article]
    Reservoir Capital REO:TSX-V is super unloved at current prices having topped 2 CAD back in the day.....
    Do you have any experience with that name, Keubiko?
    Jul 11, 2013. 03:01 PM | Likes Like |Link to Comment
  • Dollar Bills On Sale For 15 Cents: Ram Power Corp. [View article]
    Thanks Dennis R. Mahon - it's been a torrid couple of years!
    Jul 10, 2013. 03:33 PM | 1 Like Like |Link to Comment
  • FOMC Minutes: Several on the committee saw tapering as likely and warranted soon, but many want to see further improvement in the labor market first. Several want to see faster economic growth in addition to improvement in employment. [View news story]
    buy buy buy!
    Jul 10, 2013. 02:07 PM | Likes Like |Link to Comment
  • Dollar Bills On Sale For 15 Cents: Ram Power Corp. [View article]
    @Author - Nice job on this article!
    As a long term holder of this stock and a resident in Nicaragua, I do appreciate the interest it has generated and would like to add a few comments of my own.
    Firstly the political situation shouldn't be misconstrued as being a carbon copy of Venezuela. Nicaragua has had to be more open to FDI out of necessity(no oil(yet - http://bit.ly/15fdtVo)!) though the government(and Venezuela) are a big part of the local energy matrix(do a google search on Albanisa Nicaragua or http://bit.ly/11Co3c8 or http://bit.ly/11Co4wK). Like the author I also believe that this country is very open to foreign investment and the numbers speak for themselves as stated above(http://bit.ly/11Co4wM). However recent developments with the announcement of the canal project have raised the specter of past problems(see http://bit.ly/11Co3ci and elnuevodiario.com.ni, laprensa.com.ni).
    Above all Nicaragua is not going to meet its renewable energy goals without the incentives in place to bring in foreign investment and expertise. The Sandinistas have been a lot smarter and capable on many levels to their "liberal" predecessors and have had the long term vision to welcome big projects to this country. Roads are being built/repaired all over the country, rural electrification is ongoing, airports etc after years of post war shambles and neglect. One of the first things the Sandinistas resolved was the daily rolling blackouts due the poor state of the electrical grid and power generation capacity and things have gradually improved since then. Nicaragua is well on its way to produce 50% net of its power from Renewables(http://bit.ly/11Co4wT) for this year!
    My real concern is the debt this company has racked up due to the cost over-runs, failed execution and technical problems(eg well remediation currently underway to bring project up to 72mWh). They've kept on taking on more debt and risk. I think they can still pull it off but I fear it won't take much to push the company to have to "mail the keys" to the creditors. Despite all this I am happy to hold for now as I also see the potential upside out weighing the downside many times over.
    Jul 10, 2013. 11:58 AM | 4 Likes Like |Link to Comment
  • Intel's Silvermont Delivers On Its Promises [View article]
    Ashraf - I'm sure you can take heart that the vast majority of people really appreciate your hard work and dedication to provide so much analysis on Intel and other companies. Even the haters must appreciate having something to hate! ;)
    Jul 3, 2013. 06:06 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
323 Comments
255 Likes